Claremont Companies borrows $35M from Thrivent Financial For Lutherans for hotel in Soho
Claremont Companies through the entity Soho Hotel LLC as borrower signed a loan agreement with lender Thrivent Financial For Lutherans valued at $35.0 million for the 120-key hotel at 181 Varick Street in Soho. The deal closed on October 30, 2019 and was recorded on November 18, 2019.
The property contains a total of 52,155 square feet of built space.
The average loan per buildable square foot is $671.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 120 hotel units on September 21, 2012.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link